tag:blogger.com,1999:blog-12703782.post2067845784702229240..comments2024-03-25T13:42:25.771-05:00Comments on Advance Indianaâ„¢: Macquarie Laughing All The Way To The Bank Over Indiana Toll Road BankruptcyGary R. Welshhttp://www.blogger.com/profile/15185079937305083438noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-12703782.post-58129800808456075492014-11-29T12:26:26.315-05:002014-11-29T12:26:26.315-05:00Decades ago I took College Courses in Finance (Ana...Decades ago I took College Courses in Finance (Analysts), Banking, and Accounting. Bottom line we were assured there was the so called "Chinese Wall" between these various disciplines. This supposedly served as Checks and Balances on our system. You can then add in the Regulatory Agencies at the Federal and State Levels. <br /><br />Way back then you had a certain degree of Trust in the System as whole. This all seemed to change with the advent of Junk Bonds, Management Fees, Corporate Raiding, Mergers, Golden Parachutes, etc. The "Chinese Wall" became paper thin or even punctured by Congress and Presidents. The long term look at a Corporation's viability in the future was replaced by the short-term, and pumping up the Stock Price. <br /><br />My wife worked for one these companies that went on a buying binge (Mergers). The end result was bankruptcy for her company and the eventual dumping of the Legacy Pensions onto the Pension Benefit Guaranty Corporation (PBGC). The Sweet Deal for the Reckless Banks is the knowledge that the Tax Payers will bail them out. The revolving door between Government, Regulators and the Finance Industry is Strong Nuclear Force that binds it altogether. <br /> Floggerhttps://www.blogger.com/profile/10383015097067413086noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-33318294395892321022014-11-29T11:42:32.325-05:002014-11-29T11:42:32.325-05:00Taxpayers are routinely, insidiously & unknowi...Taxpayers are routinely, insidiously & unknowingly (without appropriate, express consent), dealt into rigged games of high finance; schemes with payoffs to "elite" operators & ethically foul, recirculating loops of campaign finance... Pete Boggshttps://www.blogger.com/profile/12948800585492289789noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-70047304585453066412014-11-27T00:08:13.899-05:002014-11-27T00:08:13.899-05:00And when was the Grand Jury to convene...or shall?...And when was the Grand Jury to convene...or shall?Anonymousnoreply@blogger.com